How to start borrowing

Step 1: Log in to your FXCE account

Step 2: Click on Menu icon (1), then click on Digital Banking (2) & choose P2P Lending (3).

Step 3: Choose the loan which satisfies your credit demand.

Then, click [Borrow] to start borrowing.

Step 4: Fill in information to borrow

1. Fill in the amount to borrow, the system will automatically calculate the amount to collateralize & vice versa. This is determined based on the following calculation:

Borrowing amount = Collateral amount * Current exchange rate * LTV ratio

2. Loan to value ratio

Max Loan to value is 50% set by lender. In borrowing interface, it's automatically filled in with 45% (which is eligible for borrowers to adjust).

3. Margin call

Stop out level is 49% set by lender. In borrowing interface, it's automatically filled in with 54% (which is eligible for borrowers to adjust).

4. Borrowers also can see Margin call & Liquidation occurs at which price.

Step 5: Click [Start borrowing] to borrow.

***Note: You need to enter the password if required.

To make better borrowing, view more about:

#1: Loan to value ratio

#2: The risk of liquidation

#3: The interest rate